Graham Capital Management L.P. Has $315,000 Position in Utz Brands, Inc. (NYSE:UTZ)

Graham Capital Management L.P. trimmed its stake in Utz Brands, Inc. (NYSE:UTZ - Free Report) by 68.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,101 shares of the company's stock after selling 44,054 shares during the period. Graham Capital Management L.P.'s holdings in Utz Brands were worth $315,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in UTZ. JPMorgan Chase & Co. raised its stake in shares of Utz Brands by 14.9% in the 4th quarter. JPMorgan Chase & Co. now owns 7,923,292 shares of the company's stock valued at $124,079,000 after acquiring an additional 1,025,656 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Utz Brands by 20.5% in the 4th quarter. Ameriprise Financial Inc. now owns 4,110,873 shares of the company's stock valued at $64,376,000 after acquiring an additional 698,589 shares in the last quarter. Champlain Investment Partners LLC raised its stake in shares of Utz Brands by 13.5% in the 4th quarter. Champlain Investment Partners LLC now owns 5,208,402 shares of the company's stock valued at $81,564,000 after acquiring an additional 620,196 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Utz Brands by 157.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 612,441 shares of the company's stock valued at $9,591,000 after acquiring an additional 375,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Utz Brands by 9.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,400,014 shares of the company's stock valued at $21,923,000 after acquiring an additional 116,376 shares in the last quarter. 95.97% of the stock is owned by institutional investors.

Utz Brands Stock Performance

Shares of UTZ traded up $0.12 on Friday, reaching $12.27. 967,762 shares of the stock traded hands, compared to its average volume of 928,208. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 68.15, a P/E/G ratio of 0.86 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85. Utz Brands, Inc. has a 12 month low of $11.53 and a 12 month high of $18.89. The stock's 50-day moving average price is $13.17 and its 200-day moving average price is $14.40.

Utz Brands (NYSE:UTZ - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. The business had revenue of $352.08 million for the quarter, compared to analysts' expectations of $345.44 million. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. Utz Brands's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. Equities analysts forecast that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Utz Brands Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Monday, April 7th were paid a $0.011 dividend. This represents a $0.04 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Monday, April 7th. Utz Brands's dividend payout ratio is 75.00%.

Analysts Set New Price Targets

UTZ has been the topic of a number of recent analyst reports. Mizuho cut their price objective on Utz Brands from $21.00 to $19.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. UBS Group dropped their price target on Utz Brands from $15.00 to $13.50 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. DA Davidson raised Utz Brands from a "neutral" rating to a "buy" rating and set a $16.00 price target on the stock in a research report on Thursday, April 24th. TD Cowen downgraded Utz Brands from a "buy" rating to a "hold" rating and dropped their price target for the stock from $17.00 to $15.00 in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada dropped their price target on Utz Brands from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $17.81.

Insider Activity at Utz Brands

In related news, insider Cc Collier Holdings, Llc sold 496,038 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total value of $6,646,909.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William Jr. Werzyn purchased 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average cost of $11.81 per share, for a total transaction of $94,480.00. Following the purchase, the director now owns 22,970 shares in the company, valued at $271,275.70. This represents a 53.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,920 shares of company stock valued at $224,156 in the last 90 days. 16.32% of the stock is owned by corporate insiders.

About Utz Brands

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.